Explains the HKMA's risk-based supervisory framework, integrated with the CAMEL rating system: a risk assessment of each AI on the eight inherent risk types (credit, market, interest rate, liquidity, operational, reputation, legal and strategic, with emerging risk types), the four elements of a sound risk management system an AI is expected to have (board and senior management oversight; policies, procedures and limits; risk measurement, monitoring and management reporting systems; internal controls and comprehensive audits), the rating of inherent risk and risk management quality into a composite, the supervisory process and planning that follows, and the primary prudential obligations of an AI under the Banking Ordinance. Classification: a non-statutory guideline issued as a guidance note; version V.2, 23.12.2022; applies to all AIs.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.